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Board approves $187,890 master lease to finance International plow
Summary
The board approved a master lease/purchase financing to acquire an International CV 515 SFA 4x4 plow for $187,890, with three annual payments of $70,177.26 through Lease Servicing Center, Inc. dba NCL Governmental Capital.
By Resolution #79 the board determined a need for one International CV 515 SFA 4x4 plow and authorized entering into a master lease purchase agreement with Lease Servicing Center, Inc. dba NCL Governmental Capital to finance the equipment for $187,890.00. The agreement contemplates three annual payments of $70,177.26 and authorizes the supervisor to execute the lease and related documents.
The resolution instructs that a copy of the executed agreement be forwarded to the town attorney and maintained in town records. The board adopted the resolution unanimously.
